The world of cryptocurrency has seen an significant rise in the number of wallets that are hardware in recent years. Each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal wallet can be described as a gadget which keeps the private keys to digital assets offline, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. It raised $55K through the course of an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews state they are 100% safe, however it is important to keep in mind that hardware wallets from rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. For example, even if the TREZOR is connected TREZOR on a compromised device which is infected by viruses, your private keys remain secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes through cameras on its back of the. This makes it a very secure choice as it removes the possibility of a hacker gaining access to the private key through the network. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something potential buyers must take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are on the market for longer and have an established track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. However, the company is working to add the support of more coins in the near future.
In the end it is clear that it is clear that the Ellipal device is an fresh player on the hardware wallet market, promising to be completely safe due to its total inaccessibility to any network or computer. The company behind it is relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is in line with other wallets. Although the idea of a totally exclusive hardware wallet is appealing however, you should consider the track record and security measures of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s a relatively new product on the market.